How to Buy – Sell Bitcoins – Ethereum with your Credit Card

How to Buy – Sell Bitcoins – Ethereum with your Credit Card

There are a number of options on the market already called prepaid bitcoin debit cards — but they have fees when you withdraw from an ATM or use you card in a shop. CEX.io has no fees as you are actually hooking up your existing bank card for then money to go into — so no extra bits of plastic and no extra pin numbers to reminisce. You can withdraw your Bitcoin in USD, EUR or Touch.

The very first step is to withdrawing bitcoin is to make sure your card is synced with the CEX.io system. This is so they serve with local money laundering laws. This can be the most annoying part of the process but well worth doing for the future benefits of being able to lightly get your bitcoin on your debit card and back into CEX.io for trading.

Provide Information About Your Card

You need to then verify that the information you have provided is true.

You need to provide two photos — one of you with your bank card — and one of your bank card with your ID card.

When taking the photos it is indeed significant that you don’t wear anything that obscures your face. This is so CEX.iocan lightly verify that your card belongs to you as they don’t want to get in any trouble with the regulators! So make it effortless on yourself and them by providing clean and effortless pictures where you are looking straight into the camera and that are of a good resolution.

If you have verified your identity already for trading boundaries you do not need to provide a photo of your card next to your identity card. Your identity card can be a passport, driving licence and cannot be a photocopy. And make sure it is clearly visible otherwise the legal department of CEX.iowill just ask you to do it again.

All you need to do is come in your CVVcode with is the last three letters on the back of your card — usually in the signature slot.

The last stepis to do a puny charge fromCEX.ioto you. This is where you ask to payCEX.iolets say twenty cents. This charge will then be refunded to you.

Now that you have provided all your information to CEX.ioyou are ready to bring your bitcoin back on to yourdebit cardand into yourbank account. Albeit you might have to wait a while whilst their compliance department checks your photos to see if you are who you say you are! You can add numerous cards if you want too — a nice portfolio of them!

Getting Local Currency into your CEX.io Account to Trade

Once you have tied in your card to CEX.io you are ready to buy bitcoins with the click of a button. Granted there are higher fees than usual with a Trio.9% with a $0.25 surcharge (the latest fees can be seen here.), but that’s what you pay for with the convenience. You can also use SEPA transfers too but they can take a bit longer and your standard bank transfer — again taking longer depending on where it is from and to. You can use any Visa or Mastercard issued in any currency!

Withdraw Bitcoin to Your Card

If you are holding Bitcoin on CEX.io and you want to use it to spend in shop then the very first step is to trade it into your local currency — you can do this by trading BTC for USD — or BTC for EUR by going to the trading interface. Even if you have your BTC stored in another wallet like Blockchain.io then you can transfer your bitcoin to your CEX.io account and then trade it into your local currency of choice. You can use any Visa or Mastercard issued in any currency so no hassle here!

Once you have converted your Bitcoin to Dollars, Euros or Rubles, you are ready to go:

There are a number of options on the market already called prepaid bitcoin debit cards — but they have fees when you withdraw from an ATM or use you card in a shop. CEX.io has no fees as you are actually hooking up your existing bank card for then money to go into — so no extra bits of plastic and no extra pin numbers to reminisce. You can withdraw your Bitcoin in USD, EUR or Caress.

The very first step is to withdrawing bitcoin is to make sure your card is synced with the CEX.io system. This is so they serve with local money laundering laws. This can be the most annoying part of the process but well worth doing for the future benefits of being able to lightly get your bitcoin on your debit card and back into CEX.io for trading.

Provide Information About Your Card

You need to then verify that the information you have provided is true.

You need to provide two photos — one of you with your bank card — and one of your bank card with your ID card.

When taking the photos it is truly significant that you don’t wear anything that obscures your face. This is so CEX.iocan lightly verify that your card belongs to you as they don’t want to get in any trouble with the regulators! So make it effortless on yourself and them by providing clean and effortless pictures where you are looking straight into the camera and that are of a good resolution.

If you have verified your identity already for trading thresholds you do not need to provide a photo of your card next to your identity card. Your identity card can be a passport, driving licence and cannot be a photocopy. And make sure it is clearly visible otherwise the legal department of CEX.iowill just ask you to do it again.

All you need to do is come in your CVVcode with is the last three letters on the back of your card — usually in the signature slot.

The last stepis to do a puny charge fromCEX.ioto you. This is where you ask to payCEX.iolets say twenty cents. This charge will then be refunded to you.

Now that you have provided all your information to CEX.ioyou are ready to bring your bitcoin back on to yourdebit cardand into yourbank account. Albeit you might have to wait a while whilst their compliance department checks your photos to see if you are who you say you are! You can add numerous cards if you want too — a nice portfolio of them!

Getting Local Currency into your CEX.io Account to Trade

Once you have tied in your card to CEX.io you are ready to buy bitcoins with the click of a button. Granted there are higher fees than usual with a Trio.9% with a $0.25 surcharge (the latest fees can be seen here.), but that’s what you pay for with the convenience. You can also use SEPA transfers too but they can take a bit longer and your standard bank transfer — again taking longer depending on where it is from and to. You can use any Visa or Mastercard issued in any currency!

Withdraw Bitcoin to Your Card

If you are holding Bitcoin on CEX.io and you want to use it to spend in shop then the very first step is to trade it into your local currency — you can do this by trading BTC for USD — or BTC for EUR by going to the trading interface. Even if you have your BTC stored in another wallet like Blockchain.io then you can transfer your bitcoin to your CEX.io account and then trade it into your local currency of choice. You can use any Visa or Mastercard issued in any currency so no hassle here!

Once you have converted your Bitcoin to Dollars, Euros or Rubles, you are ready to go:

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